Connex (CONX) Price and Market Data

Web3 provides young individuals – regardless of job position – the ability to become an expert in this growing field without having to climb the decades-long ladder to reach a level where they can contribute meaningfully to a company or specific field of work. The smartest people in the world are moving into Web3 – exiting FANG companies – and joining crypto companies or DAOs. Connex aims to build a permissionless, open, and collaborative Web3 professional network. The CONX token is an essential component to such infrastructures as it functions as the governance token, incentivizes user participation, and serves as the primary payment token of the Connex ecosystem. CONX tokens are used to reward platform users. For example, CONX can be used to reward individuals who upload high-quality CVs or those whose CVs are most viewed and liked. The amount of CONX tokens rewarded will be determined by voting and governance features of the platform. Additionally, individuals who create circles on Connex and share valuable insights on circle topics will also be rewarded. CONX can be used to pay for subscription services, allowing companies and SMEs to recruit talent and view CVs uploaded by Connex users. CONX can also be used to view personal credentials, both on-chain and off-chain, providing an easier way for companies to identify candidates. The token is used for entering professional circles where users share valuable views on various topics. Companies may also use CONX to increase their exposure on the platform for marketing purposes, such as promoting their job vacancies or building their brand. CONX plays a key role in the platform's governance, where tokenholders can vote on fees, subscription costs, and the usage of tokens in the Community Treasure. CONX can also be staked to vouch for the credibility of jobs or CVs, with rewards given if the information is proven accurate. 20% of the total supply of the CONX token will be allocated to the Community Treasure, which will be used to reward users who help boost the platform's growth. Users may also be rewarded for recommending others to the platform or suggesting new features.